ECOVIS Financial Advisory Spain has acted as financial advisor to EQ Resources Ltd. for the issuance of an independent valuation report (“fairness opinion”) as part of the process for the acquisition of 100% ownership of Saloro, S.L.U.

Saloro is a company engaged in the production and commercialization of tungsten, a metal with multiple industrial applications. Its main asset is a mining concession located in Barruecopardo (Salamanca). The company was previously owned by Oaktree Capital Management, LP.

EQR, an Australian company listed on the Australian Securities Exchange (ASX: EQR), is one of the world’s leading operators in the exploration and production of tungsten and other rare metals. Through this transaction, EQR strengthens its global leadership position in the sector while expanding its geographic diversification and capacity to generate economies of scale.

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